Making sure your fiscal year settings are correct is important for preparing your financial statements through tax time.
Reports including your Trial Balance Statement use your financial settings information to generate meaningful balances, and your Dashboard page divides your accounting data into fiscal years so that you can track your business’ yearly growth at a glance.
To change your Fiscal Year Settings:
- Click on Settings in your left navigation menu
- Next, click on Dates & Currency
- Use the date selector to update the fiscal year to match yours.
Wave will default your fiscal year end to December 31st.
The Dates & Currency page has been simplified to take the guesswork out of your financial settings. With a simple drop-down for selecting the date and month of your fiscal year end, the feature is now virtually mistake-proof.
A fiscal year end of Feb 29th is not supported in Wave. We ask that the year end be set to a date that's available every year.